The moving higher shows the market still has fear in terms of conflict.
The technical side does not support a trend change higher, as the strength is weakening and in fact starting to go below the MA.
Further, we are within the topping formation so am not very convinced of higher, and therefore prefer SELL strategy @ 113.-115. Stop-loss above 125.75 and profit order 97.75 for now.
The technical side does not support a trend change higher, as the strength is weakening and in fact starting to go below the MA.
Further, we are within the topping formation so am not very convinced of higher, and therefore prefer SELL strategy @ 113.-115. Stop-loss above 125.75 and profit order 97.75 for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.